Smart watches are computerized devices which not only keep updated about time and date but also are have varied functionality. The global smartwatches market is impacted by aspects such as higher disposable incomes, increased technological developments, rising tech-savvy people, rising demand of smartwatches in the emerging as well as developed economies, convenience aspect that the watch offers and portability. All these aspects drive the growth of the global smart watches market. North America region, is the most attractive region for the smartwatches market. This report, compiled by Fact.MR, provides in-depth analysis of the global smart watches market for the forecast period 2017-2022, and offers key insights about future market direction.
The report commences with a brief information of the global smart watches market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global smart watches market. According to Fact.MR’s research report on the global smart watches market, the market is anticipated to reach a value more than US$ 61 Bn by 2022 reflecting a moderate CAGR during the forecasted period of 2017-2022.
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Considering the wide scope of the global smart watches market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The smart watches market has been categorized on the basis of product type, display type, operating system, distribution channel and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
Key Highlights on Global Smart Watches Market
1- Asia-Pacific excluding Japan (APEJ) region shows the highest growth rate and registers a CAGR of 3.9% during the period of forecast. North America region dominates the global market in terms of market share by revenue
2- The E-commerce segment by distribution channel is expected to slate a CAGR of 4.1% thereby claiming to be the fastest growing segments in the global market by distribution channel. However, the franchised outlets segment is set to dominate this category by showing higher market share by revenue
3- OS segment by operating system shows higher market share and a poised to show higher gain in the BPS by the end of 2022. The Tizen segment by operating system reflects highest growth rate, thereby registering a CAGR of 3.8% during the period of forecast
4- The OLED segment by display type is expected to show high growth rate and poised to register a CAGR of 4.9% during the period of forecast. The LCD segment shows higher market share by revenue. To draw a comparison line between OLED, LCD and SAMOLED segments, there is not much difference in the market shares, but only the growth rates
5- Companion smart watches segment has the highest market share by revenue as of 2017 and dominates the global market by product type. This largest market is expected to witness this continued trend till 2022 thereby retaining its dominance. The standalone smart watches segment, however, is the fastest growing segment reflecting a CAGR of 4.3% during the period of forecast
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LCD Resembles Strength Whereas OLED Represents Growth
The OLED segment by display type is expected to show higher growth rate than any other segment by display type and is anticipated to reach a CAGR of 4.9% during the forecast period of 2017 to 2022. The LCD segment has a slower growth rate but has the highest market share by revenue, thereby dominating the global market. The decision between OLED, LCD and SAMOLED is difficult to make as all these segments hive minor differences in their market shares in global smart watches market.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of the global smart watches market through 2022, which include companies like Alphabet Inc., Apple, Inc., Beijing Xiaomi Technology Co., Fitbit, Inc., Fossil Group, Inc., Garmin International, Inc., LG Electronics, Inc., Motorola Mobility Holdings, Inc., Samsung Electronics Co., Ltd., and Sony Corporation.
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